Co-founder & Managing Partner at QED Investors
We noticed that insurance companies used risk-based pricing, charging higher premiums to reckless drivers. Credit cards in 1986 charged everyone a flat nineteen percent interest rate regardless of risk. We realized we could democratize access and improve economics by testing consumer behavior and pricing cards based on individual risk.
This answer is part of a full interview with Nigel Morris, Co-founder & Managing Partner at QED Investors.
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